Dallas-based investment firm CBRE Group has closed its acquisition of federal contractor J&J Worldwide Services from Arlington Capital Partners for approximately $800 million in cash as part of a push to broaden its public sector capabilities. The development came weeks after CBRE agreed to buy J&J through a transaction that includes a poten...
The Federal Aviation Administration has awarded Columbia, Maryland-based Frequentis USA a potential $477.3 million contract to provide air-to-ground protocol converter systems designed to replace radio control equipment in the National Airspace System. FAA announced the contract award in a notice published Tuesday on SAM.gov. The agency expects the ...
Chris Shank, former vice president at Maxar Technologies (NYSE: MAXR), has joined global aerospace and national security company SNC to serve as VP of enterprise strategy. The Washington, D.C.-based organization said Tuesday Shank will focus on overall enterprise business strategy development and coordination to support the evolving business priorit...
Commerce Secretary Gina Raimondo said artificial intelligence systems are driving the demand for leading-edge logic chips and the Department of Commerce is working to meet that demand through its investments under the CHIPS for America program as part of its implementation of the CHIPS and Science Act. “We anticipate that our investments in leadin...
By Payam Pourkhomami, President & CEO of OSIbeyond We live in an era where the security of the United States extends far beyond the conventional battlefield. Both state and non-state actors are engaged in hybrid warfare tactics that target physical assets and digital infrastructures. Therefore, robust cybersecurity measures are indispensable for...
Jeff Standerski, an industry executive, has been appointed vice president for Mission 24 at RTX (NYSE: RTX) business Raytheon. He disclosed the move in a LinkedIn post published Monday. In this capacity, Standerski oversees transformation efforts at Raytheon with a focus on advancing program execution and business growth initiatives and improving op...
A subsidiary of General Dynamics‘ (NYSE: GD) mission systems business won a potential $116 million contract to lead the procurement of a management decision software for shipboard and shore-based maintenance activities of the U.S. Navy. Progeny Systems, which was acquired by GDMS in 2022, landed an initial one-year, $22 million cost-plus-fixed...
Executive Mosaic is pleased to induct LMI CEO Doug Wagoner into its 2024 Wash100 list for spearheading the company’s expansion in key markets and realigning LMI’s overall strategy. This marks Wagoner’s fifth time being named to the Wash100 list. Visit Wash100.com to vote for Doug Wagoner and participate in GovCon’s most exciting race: the...
Communicating and sharing data rapidly is one of six operational imperatives declared by Army Secretary Christine Wormuth, a 2024 Wash100 Award winner, in March 2023. The goal is part of the Army of 2030 initiative, a broad effort to modernize the service branch. The Potomac Officers Club’s 9th Annual Army Summit in June will offer a look int...
Derek Tournear, director of the Space Development Agency and a previous Wash100 awardee, said the rise in SDA’s budget seeks to show that the agency is a real market for space industry leaders and investors, SpaceNews reported Saturday. SDA is building a constellation of small satellites in low Earth orbit and its requested budget for...
